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Technology Stocks : Cascade Communications (CSCC)

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To: Glenn D. Rudolph who wrote (2899)3/15/1997 1:06:00 PM
From: Risberg   of 3743
 
Perhaps my questions have been misinterpreted. I think CSCC will be 50% higher this fall. But my point is that holders shouldn't expect to return to the lofty days of recent past, partly due to the steepness of the selloff -- that spooks people and they won't bid it up with the optimistic fervor they have in the past. But it is still a great investment for someone just starting a long position now. Unfortunately, until actual earnings numbers are at hand, this whole sector may drift significantly lower still. The earnings revisions seem to be accelerating lately. Perhaps more next week. So personally, I will wait and see.
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